Ship Hire Rate

Charter Market Sees Massive Growth and Expansion as Hire Rate Peaks

  • The strength of demand for tonnage from the liners has resulted in daily hire rates of up to $20,000 a day, nearly 200% higher than the market rate at the start of the pandemic.
  • Charter rates soar with idle tonnage slumping from around 1m teu just a month ago.
  • The strong cargo demand on many routes,  the shortage of larger tonnage, and short employments are driving this growth.
  • However, the sustainability of demand remains a question, considering the state of the world economy and the...

https://mfame.guru/charter-market-sees-massive-growth-and-expansion-as-hire-rate-peaks/

Ship Hire Rates Benefitted With Scrubber Installations

  • Ship hire rates likely to benefit as the rate of suspended vessels to retrofit scrubbers increases. 
  • Clarksons says 0.9% of VLCC fleet and 0.3% of the capesize fleet suspended for scrubber installations.
  • Capesizes added $1,000 to daily earnings to hit $15,000 per day due to scrubber retrofits. 
  • Clarksons data has 60 scrubber installations for capesize ships, with 186 in January 2020, and 253 by mid-2020.
  • Controversy over the use of closed or open loop units. 

A new research shows that ship...

http://mfame.guru/ship-hire-rates-benefitted-with-scrubber-installations/